All casinos in the state saw increases in revenue in the final month of the year, though revenue from Hollywood Casino and Ocean Downs was lower than in 2011. Maryland Live! pulled in $229 million in 2012.
The Maryland Live! casino pulled in $229 million in revenue in 2012, comprising more than 60 percent of all gambling revenue statewide, despite opening in June. The Maryland Lottery reported that the casino at Arundel Mills finished the year with $35 million in revenue in December, up from $34 million the month prior. Across the state, Maryland's three casinos pulled in $45.2 million in the last month of 2012, up nearly 5 percent from November. However, December revenue from Ocean Downs and Hollywood Casino was $3.19 million, 25 percent less than in 2011, when Maryland Live! was not yet open. Maryland Live! is the largest of the three casinos, with 4,750 game terminals. Its per-terminal revenue of $244 in December was nearly double that …
Throngs of people crowded into Maryland Live! casino Wednesday.
Maryland Live! at Arundel Mills is now the third largest casino in the United States, based on the number of slot machines. On Wednesday, the Maryland Lottery and Maryland Live!’s developers unveiled 1,043 new slot machines at the Hanover casino, bringing its total to 4,750 machines. The two biggest casinos in the nation are both in Connecticut: Foxwoods with 7,000 machines and Mohegan Sun with more than 6,400. The casino in Anne Arundel County opened June 7. Since then, the entertainment facility has added The Cheesecake Factory restaurant and Rams Head Center Stage. In addition to celebrating the new slot machines, a Sept. 12 media event highlighting completion of the casino's second phase of development featured the grand opening of …
An analysis released Tuesday challenged the claim that a National Harbor casino would undermine other Maryland facilities.
Gambling revenues would go up some $246 million statewide if Maryland were to issue a license for a casino in Prince George's County, according to a study released Tuesday. The analysis, conducted by PricewaterhouseCoopers and the Department of Legislative Services, was presented to a group of lawmakers in Annapolis, the Washington Examiner reports. The study also found that a plan incorporating both table games and a Prince George's casino could bolster profits by 20 percent at Arundel Mills' Maryland Live! casino and as much as 30 percent at a future slots facility in Baltimore. Some elected officials and competing developers have charged that building a casino at National Harbor would eat into their revenue streams. Read the full story …
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